Forex Currency: Euro rises after Greece unveils budget-cutting plan, Mar. 5
Issue:ikonfx | Date: 2010年3月5日The euro gained roughly half a U.S. cent after Greece's cabinet approved a sweeping new austerity programme on Wednesday, but sentiment remained fragile as markets were wary over whether the package would be enough for Athens to win financial support from Germany and France. The dollar fell 0.1 percent to 88.65 yen JPY= after reaching as low as 88.47 yen on electronic trading platform EBS, its lowest since December. The euro rose against the dollar on Wednesday after Greece pledged $6.5 billion in pay cuts and tax increases to reduce its deficit, easing worries about the country's debt crisis. Edited by Mia For more forex, please go to Forex Currency.
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